Call Us 281-213-4653 ☰ ˟
281-213-4653
Logo
  • Home
  • Get a Quote
    • Annuity Quote Form
    • AutoImage of right arrow
      • Auto GAP Insurance Quote
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Earthquake Quote
    • Flood Quote Form
    • Homeowners Insurance Quote
    • Life Insurance Quote
    • Limousine Quote
    • Manufactured Homes
    • Motorcycle Insurance Quote
    • Renters Insurance Quote
    • Recreational Vehicle Insurance Quote
    • Term Life Insurance Quote
    • Truck Quote Request
    • Watercraft Insurance Quote
    • Wind Quote Form
  • Customer Service
    • AutoImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
      • Auto Accident Claim
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
      • Commercial Auto Accident Claim
    • Request Declaration and Coverages Page for Existing Earthquake Insurance
    • Earthquake Property Loss Claim Form
    • Request Declaration and Coverages Page for Existing Flood Insurance Coverage
    • Flood Property Loss Claim Form
    • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
    • Manufactured Home Quote
    • Property Loss Claim Form
    • Homeowner Flood Quote Form
    • Request Evidence of Insurance
    • LifeImage of right arrow
      • Request Declaration and Coverages Page for Existing Life Insurance Coverage
    • RentersImage of right arrow
      • Request Declaration and Coverages Page for Existing Renters Insurance Coverage
      • Renters Property Loss Claim Form
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
      • Motorcycle Accident Claim
    • Recreational VehicleImage of right arrow
      • Request ID Card for Recreational Vehicle Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Recreational Vehicle from Existing Policy
      • Add Driver to Existing Recreational Vehicle Policy
      • Remove Driver from Existing Recreational Vehicle Policy
    • WindstormImage of right arrow
      • Request Declaration and Coverages Page for Existing Wind Insurance Coverage
      • Windstorm Property Loss Claim Form
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Add Watercraft to Existing Policy
      • Remove Watercraft from Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
      • Watercraft Accident Claim
    • Policy Review Request
  • Blog
  • Make a Payment
  • Resources
    • Amazon Gift Card
    • Refer a Friend
    • Life Settlement
    • R&D Tax Credit
    • Frequently Asked Questions
    • Insurance Glossary
    • Privacy Policy
  • About us
  • Contact
Home > Blog > Financing a car
MONDAY, FEBRUARY 7, 2022

Financing a car

Financing a car in your near future?  Well we all finance a car at some point in our lives, but there are some things that you should know before you sign the loan papers. You will want to make sure that you understand the agreement before you decide to push the loan through. First, you should think about credit for a minute. 

Do you have good credit?  You may have to take out a loan with a large interest rate to get a loan because you are a risk if you have bad credit. Don't know what bad credit is, well it is a credit rating of 620 or less. You may be able to get a good loan if your rating is low based on the fact that you have less credit than most people. Having bad credit is a lot worse than having no credit, but you still are a risk and the rates may be higher. You should look around when it comes to financing a car; there are many ways of doing so. 

First, you may want to shop online for your financial company. A good creditor will be more than willing to help you out. You should know the rates of the loan before you apply. The thing is, they most that you have to apply and the more you get rejected, the worse your credit looks. Most people don't know that, but if you get rejected for loan, it goes on your credit report. Of course, after awhile, it will disappear, but still. 

Secondly, you should know a lot about yourself before applying. You need to be at least 18, or have a co-signer, but most people under the age of 25 need a co-signer. You also need to earn a good amount of money and have very little bills if you are younger. If you are older, they like to ask about your disposable income, income after taxes. You need to have a solid employment history and you have to have a stable home. 

They want to know that you'll have the money to pay them back and also that they can come find you at any time. Getting a loan through a creditor is just one step up from a loan shark. They may come to home bothering, the other difference is that they will take you to court for the money rather than beat the money out of you.

In addition, you will want to get approved before you go to the car dealer. You can always get a voucher, but if you do this, you won't end up disappointed. You will know exactly the amount that you can go with and you can look for a car in your exact price range. The only thing is that you have to include the fees and taxes so you will need to go below the loan amount. You may not have to place a down payment, but it does look better. You should at least put $500 dollars or even a thousand down. If you are willing to invest your own money in the car, the bank or creditor will be more than happy to fork out the other money.
 
Posted 1:00 PM

Tags: financing a car
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020

  • insurance(31)
  • life insurance(22)
  • health(19)
  • term life(13)
  • whole life(13)
  • affordable(13)
  • medical expenses and funeral costs(12)
  • funerals(12)
  • death benefit(12)
  • funeral expenses(12)
  • final expense insurance(12)
  • final expense(12)
  • cheapest life insurance(12)
  • reduce life insurance cost(12)
  • term life insurance(12)
  • whole life insurance(12)
  • car insurance(10)
  • health insurance(10)
  • get(9)
  • how(8)
  • to(8)
  • auto insurance(7)
  • car(7)
  • student(6)
  • low cost health insurance(4)
  • in(4)
  • term(4)
  • cheap car insurance(4)
  • cheap(4)
  • cost(3)
  • blend your strengths with small business needs(3)
  • life(3)
  • low(3)
  • life insurance policy(3)
  • health savings accounts(2)
  • mobile home(2)
  • discounts for homeowners insurance(2)
  • travel insurance(2)
  • hard time figuring out life insurance try these helpful ideas(2)
  • business owners policy(2)
  • when and how to switch your insurance(2)
  • premium financing(2)
  • the(2)
  • insurance tips that can really pay off(2)
  • cheapest car insurance(2)
  • virginia(2)
  • premium finance(2)
  • deciding on boat insurance coverage(2)
  • in-home business policy(2)
  • renting apartment(2)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
281-213-4653
Fax: 832-327-7470
Social Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder